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Deal Detail

John Middleton, Inc. to Altria Group, Philip Morris USA

Tobacco/Nov 2007
EV / LTM EBITDA
15.8x
EV / LTM Sales
-
Enterprise Value
$2.9B
Primary Source
JPMorgan

Comparable Transactions

Tobacco transactions announced in the five years to November 2007. 7 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Jul 2007Altadis S.A.Imperial Brands, Imperial Brands PLC, Imperial Tobacco Group p.l.c.$22.6B-14.1xStrategic
Feb 2007Commonwealth Brands, Inc.Imperial Brands, Imperial Tobacco Group p.l.c.$1.9B-10.9xStrategic
Jan 2007Lakson Tobacco Co. Ltd.Philip Morris International$675M-14.8xStrategic
Dec 2006Gallaher Group PLCJapan Tobacco Inc.$18.9B-13.0xStrategic
Apr 2006Conwood CompanyRAI$3.5B-13.6xStrategic
Mar 2005PT HM Sampoerna TbkPhilip Morris International$5.1B-13.9xStrategic
Jul 2003Ente Tabacchi Italiani SpABAT$2.7B3.3x11.8xStrategic
Mean-13.2x
Median-13.6x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionRAI FOJPMorgan2017$2.9B-15.8x--Open
-fairness opinionRAI FOLazard2017$2.9B-15.7x--Open
-fairness opinionRAI FOJPMorgan2017$2.9B-15.8x--Open
-fairness opinionRAI FOGoldman Sachs2017$2.9B-15.0x--Open
-fairness opinionRAI FOLazard2017$2.9B-15.7x--Open
-fairness opinionLO FOBarclays2014$2.2B6.1x12.1x--Open